The announcement of Transporter comes as CCIP has generated about $422,000 in revenue since the start of 2024, a Dune dashboard created by Chainlink node operator LinkPool shows.
Chainlink’s Cross-Chain Interoperability Protocol (CCIP) launched on mainnet in July 2023.
(Unsplash/Manuel Mnvx)
Posted April 11, 2024 at 12:00 pm EST.
Oracle network Chainlink announced Thursday the rollout of Transporter, a bridging application that is built on its cross-chain interoperability protocol (CCIP).
With an interface for submitting and monitoring cross-chain transactions on CCIP, Transporter aims to enable users to move tokens and messages in a secure manner across several blockchains—namely Arbitrum, Avalanche, Base, BNB Chain, Ethereum, Optimism, and Polygon, according to a press release shared with Unchained.
The announcement comes as CCIP has generated about $422,000 in revenue since the start of 2024, averaging roughly $105,000 per month, a Dune dashboard created by Chainlink node operator LinkPool shows.
“Having a secure way to move both value and data across chains is something the blockchain industry has needed for years and I’m excited that Transporter is making that more accessible,” said Sergey Nazarov, Co-Founder of Chainlink, in a statement.
Transporter has also already caught the eye of crypto venture firms such as Moonrock Capital and Fourth Revolution Capital, which have both started using the bridging application. Simon Dedic, the CEO of Moonrock Capital, said he expects Transporter “to play a significant role in bringing secure cross-chain connectivity to a large user base across the blockchain ecosystem.”
LINK, the native token for Chainlink, has decreased about 4% in the past seven days, but increased 10% since Jan. 1 to trade at $17.16 at the time of publication, data from CoinGecko shows.
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